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OCR Accounting 2016

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Original post by Pittacus
For the standard costing question, when calculating variances did you need to flex the budget? so example to get the materials used for material figure, you had to divide the amount budgeted by 4500 then times it by 4680?


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Pittacus
Original post by Jacarch12


basically, when the budgeted costs were for 4500 units, but the actual costs were for 4680, so didn't you have to divide the budgeted costs by 4500 then times them by 4680? thats what they did on the past paper questions
Original post by Pittacus
basically, when the budgeted costs were for 4500 units, but the actual costs were for 4680, so didn't you have to divide the budgeted costs by 4500 then times them by 4680? thats what they did on the past paper questions


Reply 63
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Robyn98
Yes you needed to flex the budget, the gave us cost for 4500 units so you had to divide by 4500 then times by 4680 to get the figure for the variance. This is what I did to get my cost to cost reconciliation to balance


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Reply 64
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Beck9
3
What topics came up in f012 in 2016???

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